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<Research>CICC Chops KUAISHOU-W (01024.HK) TP to $56; Core Biz Shows Stable Growth
Recommend 20 Positive 41 Negative 7 |
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According to a recent CICC report, KUAISHOU-W (01024.HK) held its 2024 Investor Day in Beijing on September 13, where the company's management shared insights on company strategy, business ecosystem, technology ecosystem, and international business, and addressed investors' concerns. CICC believed that KUAISHOU-W's core business has achieved steady growth with operational efficiency enhancing profit release capabilities. The broker maintained an Outperform rating on the company, but cut the TP by 15% to $56 in light of a lower valuation midpoint. AAStocks Financial News |
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